Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the design of molecules targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific neurotransmitter systems. Additionally, it is employed in the development of drugs for cardiovascular diseases, where its chemical properties help in modulating receptor activity. Researchers also explore its potential in creating novel anti-inflammatory and analgesic medications, leveraging its unique azetidine ring for enhanced bioactivity and selectivity.